Application Security Market Size - Industry Growth Report 2022

Application Security Market Size, Research, Annalysis, Growth | Industry Report 2022 Market Research Report to It’s a Database.

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“Increased sophistication of cyber-attack techniques is driving the growth of the application security market.”

MarketsandMarkets expects the global application security market to grow from USD 2.79 billion in 2017 to USD 9.0 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 26.4%. As attackers have shifted their focus from traditional network layer attacks to application layer attacks, the demand for application security solutions is expected to increase to cater to the growing challenges posed by these threats. Furthermore, the evolution of the Internet of Things (IoT) and increasing digitalization of industrial sectors in emerging economies, such as Asia Pacific (APAC) and Middle East and Africa (MEA), are expected to provide huge growth opportunities to application security solution vendors in the next 5years. Lack of cyber security awareness and budget constraints are the restraining factors for the market.

“Mobile application security is expected to have a higher growth rate than web application security during the forecast period.”

Mobile application security is expected to have a higher growth rate than web application security during the forecast period. Increasing number of smart phone users, the adoption of the Bring Your Own Device (BYOD) trend and growing enterprise mobility needs are driving the growth of the mobile application security market. However, web application security is expected to have a larger market size than mobile application security during the forecast period, due to its increasing usage in business operations.

“Professional services segment is expected to have a larger market size than managed services during the forecast period.”

In the application security market, services are broadly classified into professional and managed services. Professional services are further segmented into consulting, training and education, and support services. The professional services segment is expected to have the largest market size during the forecast period as these services help enterprises to remain robust against emerging cyber threats.

The target audience of the application security market report are given below:

• Government agencies
• Application security solution vendors
• Cybersecurity consultants
• Application developers
• Cybersecurity testers and auditors
• IT managers
• System integrators
• Cybersecurity vendors
• MSSPs
• Application end-users

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Key Points From Table Of Content :

Company Profiles :

(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View)*

• Fasoo
• Hewlett Packard Enterprise (HPE) Company
• International Business Machines (IBM) Corporation
• Qualys, Inc.
• Rapid7, Inc.
• Synopsys, Inc.
• Acunetix
• Checkmarx Ltd.
• Contrast Security
• High-Tech Bridge
• Pradeo
• Sitelock, LLC
• Trustwave Holdings, Inc. (Singtel)
• Veracode, Inc. (Ca, Inc.)
• Whitehat Security

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Research Coverage:

The application security market has been segmented into solutions, services, testing types, deployment modes, organization size, industry verticals, and regions. Application security solutions include web application security and mobile application security solutions. Services offered in the application security market are professional and managed services. The various testing types are Static Application Security Testing (SAST), Dynamic Application Security Testing (DAST), and Interactive Application Security Testing (IAST). Deployment modes are segmented into cloud and on-premises modes. Organization size is classified as large enterprises and Small and Medium Enterprises (SMEs). The various industry verticals are government and defense; Banking, Financial Services, and Insurance (BFSI); IT and telecom, healthcare, retail, education, and others (manufacturing, oil and gas, and media and entertainment). Finally, on the basis of regions, the application security market is segmented into North America, Europe, APAC, MEA and Latin America.

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